Oil & Energy
Nigeria’s Huge Oil, Gas Production Excites MD
The Managing Director,
Nigeria and Equatorial Guinea of Baker Hughes, Ayo Shote has described as a big boost, the restructuring in the Nigerian oil and gas industry.
Shote, while speaking at the Baker Hughes Techno Day Conference and Exhibition, recently in Lagos, noted that the company’s presence in the offshore market in Nigeria was limited prior to 2006.
The managing director of the company said it is now important for the company to move forward in the offshore. “There is no way we can take our eyes off that. So we are focused in the offshore business,”.
Describing the offshore as one of his company’s biggest growth areas, Shote remarked that Baker Hughes would continue to invest in People, infrastructure, equipment and technology to ensure that the firm remains a major player in the big offshore plays in Nigeria.
He said Nigeria’s offshore space is bigger than what the company had done in the past, he said now the company has the advantage of more fields out there to explore for more businesses.
Industry watches view Nigeria as having huge offshore oil and gas resources yet to be exploited inspite the regulatory and security risks.
The situation was becoming the new attraction to the major international oil companies who have started leasing out their onshore assets to indigenous oil companies in the scrable for offshore opportunities.
Shote said currently, exploration activities by his company are focused in the deep and ultra-deep offshore areas with some activities in the chad basin located in the North East of the country.
According to him, investment in Africa’s oil and gas business is expected to increase between now and down through 2016 and beyond.
In a bid to support oil and gas investment in Nigeria, shote disclosed that his company has invested over $500 million on research and development.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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